California governor rejects PG&E settlement

California governor rejects PG&E settlement

California Governor Gavin Newsom rejected a bankruptcy reorganization plan submitted by PG&E Corp citing the failure of the proposal to meet the requirements of a recently enacted wildfire law. The rejection, complicates the company’s attempt to exit bankruptcy and provide compensations to victims of devastating wildfires in 2017 and 2018 sparked by the utility’s power lines.

Clara
Clara
Paul C
Paul C 4 months

Hmm, smart people that shorted the stock?

anthony
anthony 4 months

If they can’t commit to a fair compensation for the victims & own up to their ignorance, then that company should be nationalized.

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